Investing.com - Omnicom reported on Tuesday first quarter earnings that beat analysts' forecasts and revenue that topped expectations.
Omnicom announced earnings per share of $1.39 on revenue of $3.41B. Analysts polled by Investing.com anticipated EPS of $1.31 on revenue of $3.28B.
Omnicom shares are up 10% from the beginning of the year and are trading at $81.00 , down-from-52-week-high.They are outperforming the S&P 500 which is down 6.37% from the start of the year.
Omnicom shares gained 0.16% in after-hours trade the report.
Omnicom follows other major Communication Services sector earnings this month
Omnicom's report follows an earnings beat by Tencent ADR on March 23, who reported EPS of $1.54 on revenue of $22.64B, compared to forecasts EPS of $0.4745 on revenue of $23.04B.
Netflix had beat expectations on Tuesday with first quarter EPS of $3.53 on revenue of $7.87B, compared to forecast for EPS of $2.95 on revenue of $7.94B.
Stay up-to-date on all of the upcoming earnings reports by visiting Investing.com's earnings calendar